Aster Refunds Users After 'Abnormal Price Movements' on XPL

Aster, a decentralized exchange, has refunded users who incurred losses from unusual price fluctuations of the XPL token. These price movements resulted from a fault linked to a hardcoded index price and a capped mark price, which, when rectified, caused XPL's value to surge. The Aster token subsequently dropped 12% to $1.80 amidst concerns following the incident. Users affected by the price error have received their refunds in USDT. XPL, which is the native token for Plasma’s stablecoin blockchain, experienced volatility, trading between $0.74 and $1.54, while on Aster’s futures, it peaked at $4 before crashing to $0.55. Market analysts suggest this price suppression was due to miscalibrated oracle pricing that treated XPL similarly to a stablecoin. Aster has actively encouraged users who have not received compensation to contact them via Discord.

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